A deposit mysteriously disappeared so instructions were added to cash handling procedures and bank reconciliations. A cashier was caught stealing. She was fired and a replacement hired after checking their background a little more thoroughly. An act of vandalism occurred so cameras were installed. Slip and fall accidents were increasing, so floors are mopped more frequently and employees advised to be more careful walking on wet floors.
The above solutions are parts of a loss prevention program developed as a piecemeal reaction to issues in retail and restaurant environments. It happens out of necessity to protect company assets, profitability, and the health and safety of employees and customers. They may provide a short-term solution, or act as a band-aid to cover-up major underlying issues. Continue reading “Comprehensive Loss Prevention – Much More Than Random Acts of Reaction”